We are doing AUDCAD Analysis in Daily Time frame
AUDCAD right Following Down Channel pattern You can try to Buy After Break of the Channel pattern you can But Take profit on previous High point and Stop area below the previous low.
We need to wait for a breakout then think to buy and use Take profit and Stop loss.
Note: This is only for Educational Purpose...
AUDCAD is in a trading triangle which is unable to break the higher end of triangle since past few days. opening a SHORT opportunity in AUDCAD.
SELL AUDCAD @ 0.99572 with SL@0.99862 and T1@0.99246, T2@0.98964
This is a RISK Trade and should only be taken after consulting your financial advisor.